Recorded Music Market Stats for Norway 2013 – Music Streaming and Digital Account for Majority of Music Royalties

by RouteBot on January 17, 2014

Figures for the recorded music business in Norway have been released for 2013. Norway are one of the leaders in the digital music world (along with other Scandinavian countries) and this is really shows in the 2013 figures.

Market worth = NOK 603m ($98m)

Growth of 11% year on year

Streaming Market worth = NOK 394m ($64m) – 65.3% of the entire market

IFPI Norway praises local services like WiMP for helping boost the market but also adds there is still work to do to grow the market further, particularly among older consumers. “We’re working on increasing the use of streaming services through all age segments, with particular focus on the 40+,” it said in its report. “We believe that a greater age-related prevalence in the use of streaming services will contribute positively to the Norwegian repertoire.” With this in mind, it is optimistic for further growth this year.